The NMP Blog

Gas Prices and Home Buying

David Lykken's picture

There has been a discussion going on for quite some time in the media about what the recent decrease in gas prices means for our economy. On the surface, the lowering of gas prices seems like it would be a good thing across the board.

Obviously, it's better consumers because they have to spend less money on gas and therefore have more discretionary income to spend on other things or to invest in their future.

Technology and Reengineering the Closing Process

David Lykken's picture

Years ago, the mortgage industry was more fragmented than it is now. Each step in the mortgage process was often handled by a different department or organization, and there wasn't a great amount of communication between them. Each function along the chain from origination to closing operated in silos, and we only really paid attention to our own roles in the process.

Is E-Closing the Future?

David Lykken's picture
Cloud_Computing_12_03_14

More and more, it seems like technology is becoming an integral part of doing business in the mortgage industry. The emphasis on compliance in recent years has expedited the need for adopting new technologies simply to keep in step with the regulations. The mortgage business is quickly becoming a digital enterprise.

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Wisdom Begins With Foolishness

David Lykken's picture

Think back to when you were in grade school (a long, long time ago ... if you're anything like me). Do you remember how your teacher would walk around the room, asking questions? Then, she would wait for a student to answer before she would move on. The question would simply linger in the air until some brave soul to the risk of attempting to answer the question.

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How Mortgage Professionals Can Get Involved in the Political Process

David Lykken's picture

Politics can be a difficult subject to discuss in a professional setting. Even people in the mortgage industry have deeply held ideological beliefs that influence what they believe about their own families, foreign affairs, government involvement in private life, and a host of other issues. We tend to steer away from political discussions, then, because we don't want to offend each other. We just want to do our jobs--and we prefer to leave our politics at home where it's safe.

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